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Jefferies reinstates coverage of DraftKings at a Buy, saying the current risk/reward profile was favorable.
Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.
Shares of Nvidia (NASDAQ: NVDA) plunged this week after the company's stock received a price target cut, some analysts had a few negative comments about the chip market, and investors worried that comments made from another chip company about slowing demand might mean bad news for Nvidia as well. Investors panicked a bit on all this news and sent the semiconductor stock falling 15.3% over the past week. Nvidia started off the week with Morgan Stanley warning that there could be a potential slowdown in demand for graphics processors as Ethereum, a leading blockchain and cryptocurrency, switches to a proof-of-stake model and away from its current proof-of-work setup.
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
The super investor still sees opportunities ahead.
Oppenheimer continues to expect strong fundamentals in the U.S. banking sector, even as fears of a recession heighten.
(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergCrypto Meltdown Claims Rolex and Patek Philippe as VictimsUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesNetflix Crashes After ‘Stranger Things 4’ Finale Rele
‘Selena Gomez not knowing how to kiss girls is one of the biggest heartbreaks of this year so far,’ tweeted one fan
A bear market leaves the S&P 500 with its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
With tech stocks like Nvidia out of favor, chemicals and oil stock dominate this list of growth stocks eyeing 109%-370% gains.
Canadian crypto broker Voyager Digital is suspending trading including deposits and withdrawals according to a statement released by the firm Friday afternoon.
Want to learn how to retire with $5 million? Here are a few things you can do to stretch your nest egg over the course of your retirement.
(Bloomberg) -- The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAGene
How did the Steelers spend their salary cap this offseason?
GM said chip shortages and supply chain snarls left nearly 100,000 vehicles unfinished over the second quarter.
If there’s one common theme connecting the market’s experts, it’s ‘be a contrarian.’ Don’t follow the herd, focus on underlying facts, and don’t be afraid to throw out the conventional wisdom. Or, in a memorable phrase from Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful.” Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program has always had a talent for swimming against the stream, and he has not shied away from pointing out the stocks that investor
Endo International plc (NASDAQ: ENDP) announced today that a federal jury in Chicago, Illinois, has returned a verdict in favor of the Company's subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. (collectively Endo), in an antitrust trial.
(Bloomberg) -- A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsThe Wheels Have Come Off Electric VehiclesHow Europe Became the Epicenter for This Summer’s Travel ChaosStock Doomsayers Vindicated in Historic First Half: Ma